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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$4,799,888
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
$200,000
Lot Size
28,314 (Sq. Ft)
Building Size
13,000 (Sq. Ft)
Premise Summary
Strip mall located in downtown of growing Hope, BC. Zoned CBD, allowing variety of uses. It is a mixed commercial building with five retail units on main and five apartment units on top. Total of eight strata titles and 52 parking stalls. Huge corner lot, about 0.65 acre. Metal roof was installed in 2015, and building was completed around 1992. Opportunity to add potential growth in your investment portfolio. All appointments must be done through the listing realtor. All measurements are approximate and buyers to verify all information if deemed important. (id:39198)
Premise Highlights/Amenities
Location
Province
British Columbia
City
Hope And Area
Address
821 Sixth Avenue
Postal Code
V0X 1L2
Location Highlights
Downtown Hope
Listed by
CENTURY 21 EXECUTIVES REALTY LTD (KAMLOOPS BRANCH) British Columbia listing
Category
Property Information
Premise Status
N/A
With Accommodation
N/A
Tenancy
Multiple
Lot Size
28,314 (Sq. Ft)
Available Space
N/A
Building Size
13,000 (Sq. Ft)
Year Built
1992
Years Remaining in Current Lease Term
0
Renewal Options
0
Operational Information
Number of Working Owners
0
Current Owner - years
N/A
FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
N/A
Financial Information
Yearly Rate
$4,799,888
Asking Price
$4,799,888
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
$200,000
NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
$200000
Gross Revenue- annual
N/A
Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
N/A
EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
N/A
Premises Size (square feet)
13,000
Other Information
Owner willing to Finance
No
Absentee Owner
N/A
Support and Training
Not Included
Growth and Expansion
N/A
Market Competition
N/A
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